NIFTY OUTLOOK OF 13 MAY 2022

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The Sensex and Nifty lost more than 2 per cent on Thursday and the rupee hit an all-time low, as investors shunned riskier assets in the run-up to inflation data which could bolster fears of more rate hikes. Technically, The Nifty has formed a bearish candle on a daily chart. The next immediate support remains at 15650 followed by 15500 levels. While resistance is placed at 16050. Price ticking below the major moving average would be a concern for bulls. Indicators such as RSI and MACD are oversold zones. Hence buying would be expected after sustaining 16150 levels.  On the other hand, Bank nifty has support at 32500 levels followed by 32000 while resistance is placed at 34600 levels. Passenger vehicle major Tata Motors on Thursday reported narrowing of consolidated net loss (attributable to shareholders of the company) to Rs 1,033 crore for the quarter ending March 31, 2022. It reported consolidated net loss of Rs 7,605 crore in the year-ago period and Rs 1,516 crore in December  quarter .Consolidated revenue declined 11% to Rs 78,439 crore as against Rs 88,628 crore in Q4FY21.

HIGH VOLATILE TRADING SESSION EXPECTED ON 12 May 2022

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The key benchmark indices extended losses as the day progressed and weakness spread to other counters. FMCG, IT and select index heavyweights like Reliance Industries and Larsen & Toubro weighed. The key indices are choppy in trade, in line with global markets ahead of key macro-economic data. The US is slated to release its April inflation numbers later today, while China’s factory and consumer prices for the month have come above estimates .India VIX, the volatility gauge, was also above 23.50 levels, which suggests that the market is going to remain highly volatile and under selling pressure. Benchmark indices pared early gains to close lower for the fourth consecutive session on Wednesday amid selling in index majors Infosys and Reliance Industries .Foreign institutional investors remaining in selling mode and jump in crude prices also weighed on sentiment .Despite a strong start, the gains in Sensex fizzled out and ended lower at 54,088.39, down 276.46 points or 0.51 per cent. During the day, the index tumbled 845.55 points or 1.55 per cent to 53,519.30. Nifty dipped 72.95 points or 0.45 per cent to settle at 16,167.10.Nifty continues to be in the negative for the fourth consecutive session while Asian markets are mixed and European markets are up ahead of inflation report from the US. The Nifty may find support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty and crossing above the same can attract fresh buying. On the other hand, Bank Nifty has support at 33800 levels while resistance at 35500 levels.

MARKET OUTLOOK FOR 10 MAY 2022

The Sensex and Nifty fell and the rupee hit an all-time low on Monday, weighed down by global economic growth worries due to tightening of lockdown in Shanghai and fears inflation could increase aggressive policy tightening from central banks. Benchmark indices ended lower in the volatile session on May 9 with Nifty finishing just above 16300 amid weak global cues. At close, the Sensex was down 364.91 points or 0.67% at 54470.67, and the Nifty was down 109.40 points or 0.67% at 16301.90. About 1036 shares have advanced, 2353 shares declined, and 140 shares are unchanged. Reliance Industries, Hero MotoCorp, Nestle India, IndusInd Bank and Tata Steel were among the top Nifty losers, while gainers were Power Grid Corporation, HCL Technologies, Bajaj Auto, Infosys and Divis Labs. RIL is top pick and we expect it continue outperforming broader markets (stock price up 9% in 2022 versus -7% for Sensex) . Further value unlocking in digital and retail (with a likely IPO for consumer business) would add value to shareholders return over coming years.

 

MARKET OUTLOOK FOR 9 MAY 2022

The Nifty50 on Friday saw a gap-down start but avoided further fall to eventually end up making an indecisive Doji candle on the daily chart.The index has been trading below its key moving averages now. While a small bounce can't be ruled out, the ongoing pain in the market is unlikely to ease in the near future. A  bear candle on the weekly charts, the fourth week in a row is emphasising the bear domination in the market. Stock markets throughout the globe have become extremely fragile due to increasing inflation, central bank rate hikes have spooked Indian investors. Downward movement to continue in coming sessions.Tracking sharp losses in the US markets overnight and Asian stocks this morning, Indian benchmark indices tanked 1.5% on Friday. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty 50 shed 316 points to 16,366. All frontline stocks were in the red. In the broader markets, the BSE MidCap and SmallCap indices fell up to 2.2%. Sectorally, Nifty consumer durables, realty, IT, auto, financials, and metals were down 2-3%. Stock markets throughout the globe have become extremely fragile due to increasing inflation, central bank rate hikes have spooked Indian investors. Investors must stay with quality stocks with good growth outlook.Reliance Retail’s net profit for the January-March quarter declined 4.8 per cent to Rs 2,139 crore, while its EBIDTA increased 2.4 per cent to Rs 3,705 crore in the same period. The country’s largest retailer cash profit for the quarter rose 3.8 per cent to Rs 2,878 crore.

 

MARKET OUTLOOK OF 05 MAY 2022

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The Sensex and Nifty ended on a flat note, giving up gains from earlier in the session, as the rise in information technology and metal stocks was offset by losses in realty and banks.The NSE Nifty 50 index was up 0.03 per cent or 5.05 points at 16,682.65, while the S&P BSE Sensex rose 0.06 per cent or 33.20 to 55,702.23, with the indexes snapping three consecutive sessions of losses. Nifty50 on Friday failed to capitalise on a gap-up start, as it ended up forming a bearish candle on the daily chart, with a long upper wick, reflecting selling at higher level. But analysts took a sign of relief, as the index did not see a follow-up selling after breaking a key range in the previous day. The level of 16,600 will be a key support to watch out for going ahead. Two-wheeler maker Hero MotoCorp rose 3.8% and was among the top gainers on the Nifty 50, lifting the auto index 0.4%.Dabur India closed 1.7% lower after the fast-moving consumer goods maker reported a 22% decline in consolidated net profit for the March quarter. Adani Power was 4.4% higher. The company's net profit for the March-quarter surged to 46.45 billion rupees from 131.3 million rupees last year. But, it also signals a halt in a sharp follow-through weakness after a sharp downside breakout of the 16,800 level in the previous session. If Nifty50 manages to sustain above 16,600 level and shows upside bounce from here, then one may expect chances of upside bounce in the market.

Indices tumbles ~ 2% after surprise rate hike by RBI

Indian stock markets tanked on Wednesday after the Reserve Bank of India stunned the market with an increase in policy rates, citing inflationary pressures .The Reserve Bank of India's monetary policy committee, in an off-cycle meeting, raised key lending rate by 40 basis points. Sensex slumped 1,306 points to end at 55,669 after the RBI rate hike, while Nifty tanked 391 points to 16,677Although the rate hike was anticipated, the sudden announcement of a 40 bps increase in repo rate along with a 50 bps increase in CRR in response to the rising inflation spooked markets leading to a heavy selloff. Global markets are also trading cautiously ahead of the upcoming Fed meeting, as an increase of more than 50 bps will extend the current consolidation phase,.

Biggest IPO in Indian Markets: LIC IPO subscription status :LIC IPO is subscribed 62 percent by 16:33 hours IST, on May 4, the first day of bidding .The employee reserved portion has been subscribed 100 percent, while retail investors portion has been subscribed 55 percent. Non Institutional investors have subscribed 25 percent of their portion while qualified institutional buyers bought 33 percent of allotted quota of 3.95 crore shares, till now.

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5 IMPORTANT THINGS TO CONSIDER IN QUARTERLY RESULTS

The S&P BSE and Sensex had hit a low of 56,412.62 on the BSE  in early morning deals, but eventually ended at 56,976, down 85 points or 0.15 per cent. The NSE Nifty50, meanwhile, closed at 17,069, down 33 points or 0.21 per cent.

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Results ahead 

3 MAY  2022 Adani Enterprises Ltd,Godrej Properties Ltd,Hero MotoCorp Ltd,Tata Steel,Titan Company

4 MAY 2022 Deepak Nitrite,Havells India,Kotak Mahindra,TATA Cons. Prod,

5 MAY 2022 Dabur India,Exide Ind,INDUS TOWERS,Marico,TVS Motor,Voltas

Quarterly results are the window of opportunity provided to the general public to gain an understanding of the company's overall performance. These are created in a set format that a corporation must follow in order to be considered legitimate. Publicly traded Indian corporations must report quarterly results to the stock market for the four quarters ending in March, June, September, and December according to Indian corporate regulations. Of course, the company's annual results will be included in the March results. In an era of fast change, quarterly results are a vital tool for assessing a company's long-term success.Companies now not only release quarterly results with a year-over-year comparison, but they also provide guidance for the coming quarters. From an analytical standpoint, this is a crucial revelation for the analyst community. So, how do you go about analysing and reading a company's quarterly results? First, let's take a look at the significance of a company's quarterly reports and the 5 main indications to look for in them.

Top 5 Important things to Consider in Quarterly Results

1.Operating Profits

2.Margins

3.Net Profits

4.Interest Costs

5.Earning Per Share

MARKET OUTLOOK OF 29 APRIL 2022

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Indian benchmark indices ended lower on April 29, with the Nifty closing near 17,100 mark amid selling across sectors. On the back of positive global cues, the Nifty started the May F&O series on higher note and remain in the positive territory, before witnessing profit booking in the final hour of trade .At close, the Sensex was down 460 points at 57,060, and the Nifty was down 142.50 points 17,102.For this week, BSE Sensex and Nifty lost 0.23 percent and 0.40 percent, while April saw a fall of 2.57 percent and 2.07 percent, respectively. Dips were encouraging investors to accumulate quality stocks with focus on defensives & domestic growth sectors like manufacturing & capital goods. We’ve been seeing the index oscillating in a broader range for the last two weeks and there’s no clarity over the next directional move yet. We reiterate our cautious view and suggest waiting for a decisive break from the 16,800-17,300 range. Apart from the global cues, domestic factors like earnings, LIC IPO and auto sales numbers will also be in focus. Some glimpses of today’s trading session.

1. All sectoral indices in the red

2.Maruti Suzuki slips, Ultra Tech flat despite higher-than-expected earnings

3.Axis Bank top Nifty loser after earnings, stock down 6 percent

4.Auto stocks slip ahead of monthly sales numbers, Bajaj Auto top loser

 

5.Shriram Transport top midcap gainer after strong earnings

 

6.Laurus Labs gains 5 percent from lows on positive management commentary